The Guptas and their SA collaborators must pay back the money - Gordhan Public Enterprises Minister Pravin Gordhan has borrowed the phrase often used by his arch-enemy, the Economic Freedom Fighters (EFF), to call on companies and individuals accused of looting SOEs to refund the state. FILE: Public Enterprises Minister Pravin Gordhan. Picture: Eyewitness News.
one hour ago
CAPE TOWN - Public Enterprises Minister Pravin Gordhan wants the controversial Gupta family and their collaborators to follow the lead of firms like McKinsey and pay back the money .
Gordhan has borrowed the phrase often used by his arch-enemy, the Economic Freedom Fighters (EFF), to call on companies and individuals accused of looting SOEs to refund the state.
SAA will soon have strategic partner defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.
Photo: Jacques Nelles, The Citizen
NATIONAL NEWS - Public Enterprises Minister Pravin Gordhan says the acquisition of a strategic partner for South African Airways (SAA) could be concluded in the next four to six weeks.
Gordhan said this when he briefed the media after tabling the department’s budget vote during a mini plenary of the National Assembly on Tuesday.
He said this as the International Air Transport Association (IATA) has pronounced that SAA and the global aviation industry have seen the demand for air travel plummeting by 65.9% in 2020 compared to 2019 due to the COVID-19 pandemic.
“As you know, SAA is now out of business rescue as of the 30th of April. There is an interim board in place and an interim top management. Many weeks of work have gone into looking at the issue of a strategic equity partner. There has been extremely good progress in this regard and hopefully in the very near future, announcements would have been made in this par
Public Enterprises Minister Pravin Gordhan gave MPs a brief update on efforts to recover some of the money lost when SOEs were hollowed out by state capture.
File
Public Enterprises Minister Pravin Gordhan promised progress on the breaking up of Eskom and the search for a strategic equity partner for SAA.
Gordhan said R36 billion of his department s allocation was expected to go towards state-owned entities government-guaranteed debt.
He said Eskom achieved progress towards functional restructuring and the process is expected to be concluded by the end of June.
Public Enterprises Minister Pravin Gordhan told Parliament during his department s 2021 budget vote that South African Airways (SAA) and other state-owned enterprises (SOEs) in his care will make marked progress in the coming weeks towards mending their ways.
His budget vote, tabled on Tuesday morning, spoke much about renewal at government s troubled parastatals as he promised progress on the breaking up of Eskom and the search for a strategic equity partner for SAA.